Stocks Making: Cup with Handle on
This finds which have formed Cup-with-Handle patterns which are at least 8 weeks long and at most 9 months long. The beginning, or left side, of cup has to start after a rally of at least 30%.
Then a 20% to 30% correction from the old high (left side cup edge) must occurs. The stock then builds a rounded base which slowly climbs back toward the old high The right edge of the cup must be at most 15% below the left edge (the old high). Then a slight pullback occurs which forms the handle.
The handle can be a minimum of 1 week long & max of 6 weeks in duration. It must aslo form within the top half of the cup and be within 15% of the left side top of the cup.
The official / traditional buy point is when & if the stock rises above the RIGHT edge of the cup on higher than average volume.
Related Scans: Basing Investor's Business Daily / CANSLIM Possible Breakout Bullish Swing SetupPro Scan
Symbol | Grade | Close | % Change | Volume | Vol Surge | |
---|---|---|---|---|---|---|
PWR | D | 2.220 | 0.45 | 524,829 | 4.05 | |
WOR | D | 14.950 | 0.54 | 8,366,749 | 3.65 | |
WMI | C | 1.450 | 0.00 | 739,448 | 3.44 | |
COL | C | 16.090 | -1.89 | 6,110,221 | 1.89 | |
FLT | C | 20.470 | -1.96 | 1,374,664 | 1.38 | |
ASK | D | 1.145 | 2.69 | 1,270,245 | 1.35 | |
AAC | B | 1.395 | 3.72 | 185,635 | 1.29 | |
DSE | D | 0.265 | 1.92 | 577,519 | 1.23 | |
DXS | D | 6.970 | -0.43 | 3,105,517 | 1.01 | |
NHF | F | 7.230 | 0.14 | 980,595 | 1.01 | |
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